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Cake day: August 25th, 2026

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  • Notably: “The White House says, “Canada has extracted a persistent average annual goods trade deficit of roughly $50 billion from the U.S. over the last decade — while refusing reciprocal access.”

    The overall number is correct (it was $48.5 billion in 2025, according to the U.S. Trade Representative). But as premiers and others have repeatedly noted, the only reason for that is because Canada exported 3.9 million barrels of oil per day to the U.S. last year.

    States near Canada’s border need the oil, and it’s sold at below-market prices, a significant economic advantage for the U.S.

    If that oil were removed from the calculation, the U.S. would have a goods surplus with Canada. In other words, excluding energy, it exports more stuff to Canada than Canada exports to the U.S.”